Bravado and a lack of business acumen leave Musk facing a $1B penalty for his Twitter fiasco

Twitter Inc. published its account of the negotiations of the $44 billion (€42 billion) deal the company closed with Elon Musk after he declared the acquisition to be “on hold.”

In Twitter’s account of the negotiations, Musk never requested a non-disclosure agreement to prevent the company from talking about the negotiations, nor did he ask any questions about the company’s business.

Twitter’s proxy statement, published for shareholders to understand and vote on the deal, depicts Musk as in a hurry to conclude the negotiations that took place over the weekend of April 23 and April 24 with his “best and final” offer.

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